The industrial conglomerate said it is abandoning its bid amid pressure from the United Steelworkers union, which has thrown its support behind a rival offer from steelmaker Cleveland-Cliffs.
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Industrial conglomerate changes course after United Steelworkers union backs rival bid from Cleveland-CliffsU.S. Steel has said it was considering multiple offers for all or part of its business.said it is abandoning its attempt to acquire United States Steel amid pressure from the United Steelworkers union, whichDow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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